Dec, 31, 2023 — TEXARKANA TERMINAL EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in TEXARKANA, TX with 2 branch locations and about $12.85 million in total assets. Opened 76 years ago in 1948, TEXARKANA TERMINAL EMPLOYEES FEDERAL CREDIT UNION has about 1,313 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | TEXARKANA TERMINAL EMPLOYEES FEDERAL CREDIT UNION |
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Address: (Main Office) | 3801 TEXAS BLVD TEXARKANA, TX 75503 |
Phone: | (903) 794-8216 |
Fax: | (903) 792-0882 |
Website: | https://www.texarkanaterminalfcu.com |
Branches: | 2 branch locations |
Members: | 1,313 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 5822 |
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Membership Type: | Multiple common bond - Primarily transportation |
Corporate Credit Union: | No |
Year Opened: | 1948 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $12,848,804 |
CEO/Manager: | Ronda Nichols |
Chairperson: | JIMMY MINTER |
ASSETS: | $ Amount |
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Cash & Equivalents | 924,634 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 660,010 |
Other Loans | 7,978,906 |
TOTAL LOANS | 8,638,916 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -51,852 |
Land And Building | 484,095 |
Other Fixed Assets | 40,321 |
NCUSIF Deposit | 119,400 |
All Other Assets | 0 |
TOTAL ASSETS | 12,848,804 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 76,635 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 687,589 |
Regular shares | 6,636,568 |
All Other Shares & Deposits | 4,328,321 |
TOTAL SHARES & DEPOSITS | 11,652,478 |
TOTAL LIABILITIES | 11,729,113 |
Regular Reserve | 0 |
Other Reserves | 244,568 |
Undivided Earnings | 875,123 |
TOTAL EQUITY | 1,119,691 |
TOTAL LIABILITIES, SHARES, & EQUITY | 12,848,804 |
INCOME & EXPENSE | |
Loan Income | 637,588 |
Investment Income | 45,988 |
Other Income | 51,946 |
Total Employee Compensation & Benefits | 302,573 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 370,807 |
Non-operating Income & (Expense) | 45,029 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 93,432 |
Cost of Funds | 113,717 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -99,978 |
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» See also Statement of Financial Condition